1, China’s CNC machine tool industry competition echelon

From the registered capital point of view, Shenyang machine tool, Genesis, Qinchuan machine tool, East China heavy machine capital is relatively strong, more than 1 billion yuan, in the first echelon; Rifa Precision Machinery, Yawei Shares, Haitian Seiko registered capital between 500 million and 1 billion yuan, in the second echelon; Other CNC machine tool companies with registered capital of less than 500 million yuan rank in the third echelon.

Chart 1: Competitive echelons of China’s CNC machine tool industry (according to registered capital)

UFC911B108-3BHE037864R0108 From the perspective of regional distribution, China’s CNC machine tool production enterprises are mainly distributed in Jiangsu, Zhejiang, Hunan, Shandong, Guangdong, Liaoning, Shaanxi and other provinces, of which Jiangsu and Zhejiang CNC machine tool listed companies are the most, Jiangsu has Yawei shares, Guosheng Zhike, Newe numerical control, Huachen equipment, East China Heavy machinery and other enterprises, Zhejiang has Zhejiang Heidman, Haitian Seiko, Rifa precision machine and other enterprises.

Figure 2: Regional distribution heat maps of representative enterprises in China’s CNC machine tool industry

2, China’s CNC machine tool industry competition pattern

From the revenue scale of CNC machine tool business of major enterprises in the CNC machine tool industry, the revenue of Genesis and Haitian Seiko CNC machine tool reached 3.43 billion yuan and 3.27 billion yuan respectively in 2023, ranking ahead; Yawei shares CNC machine tool revenue of 1.93 billion yuan, Qinchuan machine tool reached 1.78 billion yuan, and Sunrise precision machine revenue is also more than 1 billion yuan, which has a certain competitive advantage.

UFC911B108-3BHE037864R0108

Chart 3: Ranking of representative enterprises in China’s CNC machine tool industry in terms of revenue of CNC machine tool business in 2010 (unit: 100 million yuan)

In 2023, the market share of China’s CNC machine tool industry enterprises is low, the market share of Genesis and Haitian Seiko is between 0.5% and 1%, and the market share of Yawei shares and Qinchuan machine tools is between 0.4% and 0.5%.

Chart 4: Market share of major enterprises in China’s CNC machine tool industry in 2010 (unit: %)

UFC911B108-3BHE037864R0108 Note: The above market share is the ratio of enterprise CNC machine tool business revenue/industry scale.

3, China CNC machine tool industry market concentration analysis

From the perspective of market concentration, the overall market of CNC machine tools in China is more dispersed, and there is no enterprise that controls the market. With the continuous development of China’s domestic machine tool enterprises, the business scale has significantly expanded than a few years ago, and the market share of local CNC machine tool enterprises has continued to increase, accelerating the market concentration.

In 2023, the market share of China’s CNC machine tool industry enterprises is low, the total share of Genesis and Haitian Seiko is only 1.64%, and the total market share of 9 representative enterprises is only 3.38%.